GBPCAD currency pair under the bearish pressure after the price broke below the support level 1.65200 (low of the previous minor impulse wave (i) from the start of March). The breakout of the support level 1.65200 accelerated the active impulse waves (iii), 3 and (3).
Given the rising bearish sterling sentiment seen across the FX markets today- GBPCAD currency pair can be expected to fall further toward the next support level 1.63250 (target price for the completion of the active impulse wave 3).
